OVER DEZE AFLEVERING
On this episode of Moneda Moves, we discuss unpaid internships, what's wrong with them and how we put an end to them.
More than half of graduating students who held an internship will receive a job offer by graduation. This is an abnormal stat: Less than 20% of students overall usually have a job offer at graduation, per a 2016 Rudolph Foundation report. And yes, students and graduates have it tough overall, but when you start looking at who gets paid, there are some glaring concerns. Women tend to engage in more unpaid internships than men, only one third of families can support students through an unpaid internship. Most students end up working a second job to make financial ends meet.
Due to the pandemic, this summer is not any easier for students, leaving them in a more vulnerable state than in years past. More than 60% of student internships have been canceled this summer, per CNBC. With Latinos and Black students holding the lowest internship participation rates overall, this week we talk about how our internships can better serve students, starting by paying them. On this week’s Moneda Moves we speak to Carlos Mark Vera, Executive Director and Co-Founder of Pay Our Interns.
